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PYPL

PayPal

$66.04

-0.19 (-0.29%)

, EBAY

eBay

$38.84

-0.15 (-0.38%)

07:29
10/11/17
10/11
07:29
10/11/17
07:29

PayPal upgraded to Overweight on revised view of eBay risk at Morgan Stanley

As previously reported, Morgan Stanley analyst James Faucette upgraded PayPal (PYPL) to Overweight from Equal Weight, calling it among the few large companies that can deliver high-teens revenue and 20% EPS growth. While he previously was on the sidelines due to risk from its contract renegotiation with eBay (EBAY), he now believes the market may be overly concerned with it as he thinks the most likely renewal structure will feature rebates from PayPal to eBay, he tells investors. Faucette raised his price target on PayPal shares to $76 from $62. He also raised his price target on eBay to $33 from $29, though he keeps an Underweight rating on its shares.

PYPL

PayPal

$66.04

-0.19 (-0.29%)

EBAY

eBay

$38.84

-0.15 (-0.38%)

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    Nov

PYPL PayPal
$66.04

-0.19 (-0.29%)

10/11/17
MSCO
10/11/17
UPGRADE
MSCO
Overweight
PayPal upgraded to Overweight from Equal Weight at Morgan Stanley
10/10/17
FBCO
10/10/17
NO CHANGE
Target $70
FBCO
Outperform
PayPal price target raised to $70 from $63 at Credit Suisse
Credit Suisse analyst Paul Condra raised his price target for PayPal to $70 from $63 as he continues to like the stock primarily for its pure-play exposure to online/mobile commerce and the potential growth opportunities inherent to this industry. The analyst believes the market underestimates the stickiness of the PayPal platform and expects the brand could gain strength globally as its newly established tech/finance relationships deepen and evolve. He reiterates an Outperform rating on the shares.
10/06/17
BOFA
10/06/17
NO CHANGE
Target $78
BOFA
Buy
PayPal price target raised to $78 from $71 at BofA/Merrill
BofA/Merrill analyst Jason Kupferberg raised PayPal's Q3 revenue estimate to $3.203B from $3.181B, above the top end of guidance. His Q3 non-GAAP estimate is 44c, in line with consensus and the high end of guidance. Kupferberg continues to believe PayPal is the best positioned company under coverage to capitalize on the global mix shift of payments from offline to online/digital channels. The analyst reiterated his Buy rating ahead of the Q3 report on October 19 and increased his price target to $78 from $71 to reflect a modest increase in 2019 estimates.
10/03/17
DBAB
10/03/17
NO CHANGE
Target $77
DBAB
Buy
PayPal price target raised to $77 from $64 at Deutsche Bank
Deutsche Bank analyst Bryan Keane raised his price target for PayPal shares to $77 citing the company's Venmo monetization opportunity. Venmo monetization could help push PayPal's mid-term guidance of 16%-17% revenue growth and stable to slightly expanding operating margins higher, Keane tells investors in a research note. He keeps a Buy rating on the shares. Venmo offers "exciting" potential avenues to accelerate revenue growth, relieve take rate pressure and drive higher operating margins, the analyst contends.
EBAY eBay
$38.84

-0.15 (-0.38%)

09/26/17
WELS
09/26/17
INITIATION
Target $45
WELS
Outperform
eBay resumed with an Outperform at Wells Fargo
Wells Fargo analyst Ken Sena resumed coverage on eBay with an Outperform and $45 price target.
09/13/17
DADA
09/13/17
INITIATION
Target $45
DADA
Buy
eBay initiated with a Buy at DA Davidson
DA Davidson analyst Tom Forte initiated eBay with a Buy rating and $45 price target, citing "moderate" revenue growth and margin expansion over the next three years.
09/06/17
JEFF
09/06/17
NO CHANGE
Target $70
JEFF
Buy
Jefferies not worried about PayPal's 2020 contract talks with eBay
Jefferies analyst Ramsey El-Assal notes that PayPal (PYPL) bears cite the company's relationship with eBay (EBAY) as a risk factor. Following a detailed look at the relationship, El-Assal believes the earnings impact of a renegotiation in conjunction with the 2020 contract expiration should prove "quite manageable" to PayPal. The two companies rely "much-too-much" on each other to part ways, El-Assal tells investors in a research note titled "No Need to Sweat the 2020 EBAY Renewal." The analyst keeps a Buy rating on PayPal shares with a $70 price target.
08/21/17
BARD
08/21/17
NO CHANGE
BARD
Outperform
eBay loss of Americas business head a 'mild negative,' says Baird
Baird analyst Colin Sebastian noted that the head of eBay's Americas business, Hal Lawton, was a popular executive among eBay sellers and he views the news of Lawton's departure to another company as a "mild negative." However, he also believes eBay has "bench strength," notes that many of its key platform initiatives are well underway, and said recent July and early August tracker data point to a "decent start" to Q3. Sebastian keeps an Outperform rating on eBay shares.

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JPM

JPMorgan

$97.99

0.37 (0.38%)

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VZ

Verizon

$48.65

0.25 (0.52%)

18:10
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Verizon targets spring start of delayed online TV service, Bloomberg says »

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STLD

Steel Dynamics

$36.44

0.27 (0.75%)

18:04
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Steel Dynamics CEO optimistic conditions in place to benefit FY18 consumption »

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  • 19

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CE

Celanese

$104.03

-0.24 (-0.23%)

18:03
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Earnings
Celanese increases price for acetyls and engineered materials products »

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STLD

Steel Dynamics

$36.44

0.27 (0.75%)

18:01
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Earnings
Steel Dynamics reports Q3 ex-items EPS 66c, consensus 66c »

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  • 19

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OPTT

Ocean Power

$2.00

0.56 (38.89%)

17:59
10/18/17
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17:59
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17:59
Syndicate
Ocean Power files to sell common stock in 'best efforts' offering »

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  • 20

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TOSBF

Toshiba, also use TOSYY

$3.02

-0.03 (-0.98%)

, TOSYY

Toshiba, also use TOSBF

$18.20

-0.11 (-0.60%)

17:58
10/18/17
10/18
17:58
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17:58
Periodicals
Japan regulators probing Toshiba reporting practices for FY16/17, Nikkei says »

Japan's Securities…

TOSBF

Toshiba, also use TOSYY

$3.02

-0.03 (-0.98%)

TOSYY

Toshiba, also use TOSBF

$18.20

-0.11 (-0.60%)

03/08/13
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PNW

Pinnacle West

$87.34

-0.42 (-0.48%)

17:53
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Hot Stocks
Pinnacle West raises quarterly divided 6.1% to 69.5c per share »

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GILD

Gilead

$80.01

-0.23 (-0.29%)

17:46
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FDA grants regulatory approval to Kite's Yescarta »

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POT

Potash

$19.24

0.08 (0.42%)

, AGU

Agrium

$107.73

0.55 (0.51%)

17:37
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Potash, Agrium: India approves proposed merger of equals transaction »

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POT

Potash

$19.24

0.08 (0.42%)

AGU

Agrium

$107.73

0.55 (0.51%)

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VMI

Valmont

$160.85

1.9 (1.20%)

17:36
10/18/17
10/18
17:36
10/18/17
17:36
Earnings
Valmont lowers FY17 adjusted EPS view to $6.90-$7.04 from $7.06, consensus $7.09 »

Annual guidance was…

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  • 19

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NVO

Novo Nordisk

$50.13

0.82 (1.66%)

17:36
10/18/17
10/18
17:36
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17:36
Hot Stocks
Novo Nordisk receives positive 16-0 vote from FDA Advisory Committe »

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  • 18

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CHFS

CHF Solutions

$8.30

-0.69 (-7.68%)

17:35
10/18/17
10/18
17:35
10/18/17
17:35
Syndicate
Breaking Syndicate news story on CHF Solutions »

CHF Solutions files to…

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  • 06

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VTGN

VistaGen Therapeutics

$1.31

0.04 (3.15%)

17:33
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Syndicate
Breaking Syndicate news story on VistaGen Therapeutics »

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LLNW

Limelight Networks

$4.48

0.12 (2.75%)

, URI

United Rentals

$144.32

0.98 (0.68%)

17:32
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Hot Stocks
On The Fly: After Hours Movers »

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LLNW

Limelight Networks

$4.48

0.12 (2.75%)

URI

United Rentals

$144.32

0.98 (0.68%)

KMI

Kinder Morgan

$18.58

-0.1 (-0.54%)

ADBE

Adobe

$153.00

2.62 (1.74%)

CNAT

Conatus

$5.15

0.05 (0.98%)

EBAY

eBay

$37.97

0.48 (1.28%)

HXL

Hexcel

$58.94

0.39 (0.67%)

CCI

Crown Castle

$100.96

-0.42 (-0.41%)

ESTE

Earthstone Energy

$10.54

-0.15 (-1.40%)

PEGI

Pattern Energy

RXDX

Ignyta

$16.25

1.9 (13.24%)

HCA

HCA Healthcare

$77.45

0.63 (0.82%)

KLAC

KLA-Tencor

$108.09

0.08 (0.07%)

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VMI

Valmont

$160.85

1.9 (1.20%)

17:31
10/18/17
10/18
17:31
10/18/17
17:31
Earnings
Valmont reports Q3 adjusted EPS $1.56, consensus $1.61 »

Reports Q3 revenue…

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  • 19

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AGEN

Agenus

$4.71

0.04 (0.86%)

17:31
10/18/17
10/18
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Syndicate
Breaking Syndicate news story on Agenus »

Agenus files $250M mixed…

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  • 24

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PEGI

Pattern Energy

17:31
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Hot Stocks
Pattern Energy sees Q3 operating loss greater than Q316 »

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  • 19

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GE

General Electric

$23.12

-0.07 (-0.30%)

17:25
10/18/17
10/18
17:25
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17:25
Periodicals
General Electric CEO cutting expenses, employees, WSJ reports »

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  • 20

    Oct

UNB

Union Bankshares

$47.10

-0.8 (-1.67%)

17:20
10/18/17
10/18
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Hot Stocks
Union Bankshares sees Q418 charge of $3.2M on plan termination »

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OIS

Oil States

$23.75

-0.2 (-0.84%)

17:19
10/18/17
10/18
17:19
10/18/17
17:19
Earnings
Oil States lowers Q3 revenue view to $164M from $165M-$185M, consensus $177.77M »

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  • 27

    Oct

AXP

American Express

$92.08

0.39 (0.43%)

17:18
10/18/17
10/18
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17:18
Hot Stocks
American Express says on track to cut $1B in costs by end of the year »

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OIS

Oil States

$23.75

-0.2 (-0.84%)

17:16
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Breaking Hot Stocks news story on Oil States »

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  • 27

    Oct

AXP

American Express

$92.08

0.39 (0.43%)

17:08
10/18/17
10/18
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17:08
Hot Stocks
American Express says 'right time' for leadership transition »

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    Nov

APRN

Blue Apron

$5.30

-0.08 (-1.49%)

17:06
10/18/17
10/18
17:06
10/18/17
17:06
Hot Stocks
Blue Apron to cut roughly 6% of total workforce, inclur roughly $3.5M in expense »

Blue Apron said in a…

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  • 02

    Nov

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